From: "John R. Ernst" <ernst-AT-pipeline.com> Date: Fri, 24 Nov 1995 01:01:15 -0500 Subject: Quotes and Engels Dear Jim, 1. I can appreciate your concern about finding specific passages in CAPITAL. You use a Progress Edition which is paginated differently than my International edition. So let's do some citing and explaining. In Chapter VI of Book III of CAPITAL (Paragraph 9 of the Chapter and the first Section), Marx states: "Further, the quantity and value of the employed machinery grows with the development of labour productivity but not in the same proportion as this productivity, i.e., not in the same proportion in which this machinery increases out- put." Note that Marx seems quite comfortable in speaking of not only the growth of productivity but also the growth of fixed capital (machinery) in material terms. Also note that the easiest way to interpret Marx's comparison of the growth in the quantity of machinery to productivity form this sentence is that the growth in machinery is not as great as that of output. But, as I am sure you would point out, it might be a good idea to look at the values. With the idea, that machinery (in value terms is growing faster than output) one would expect that if the values of the raw materials are stable, then the amount of depreciation for the total output or for some fraction thereof would increase. Let's see what Marx says: "The value of raw material, therefore, forms an ever-growing component of the value of the commodity-product in proportion to the development of the productivity of labour, not only because it passes wholly into this latter value, but also because in every aliquot part of the aggregate product the portion representing depreciation of machinery and the portion formed by the newly added labour--both continually decrease." For the standard interpretation of Marx's notion of accumulation in which the technical composition of capital increases faster than productivity, this passage is problematic. It does not fit. Prior to moving to the next passage of Marx for which you asked an explanation, let's consider another problem with that standard interpretation. 2. Does the standard notion of accumulation led us into further difficulty as we attempt interpret Marx? That is, it is basically Dobb's idea of the accumulation process in which the technical composition increases faster than productivity. Increasing real wages bring about the incentive for capitalists to mechanize in this fashion. But what happens when real wages fall? Do capitalists switch back to the old techniques of the past? If some of us were to agree to work for the bare minimum, would pin manufacturers reintroduce the techniques Smith himself described? Would fields be plowed by hand plows? Would air travel give way to trains and ships? 3. Now to the last quote. In your post, you refer to one of mine concerning Engels. I gave a fairly specific reference -- Book III, Sec. 4 of CAPITAL. Check it out. The first two paragraphs are written by Marx. The next five by Engels. Let's look at Marx's words together : "While the circulating part of constant capital, such as raw materials, etc. continually increases its mass in proportion to the productivity of labour, this is not the case with fixed capital, such as buildings, machinery, and lighting and heating facilities, etc." Note, again, Marx seems comfortable with idea of comparing masses. Note as well that he views the growth of machinery in relation to productivity in the same way as he sees buildings growing relative to productivity. Surely, no one would not maintain that to increase productivity, say, ten-fold; one would need more than ten times as many buildings. Surely, in there is room for economies of scale with technical change. Let's continue with our reading. "Although in absolute terms a machine becomes dearer with the growth of its bodily mass, it becomes relatively cheaper. If five labourers produce ten times as much of a commodity as before, this does not increase the outlay for fixed capital ten-fold; although the value of this part of constant capital increases with the development of productiveness, it does not by any means increase in the same proportion." Let me give you an example of what Marx is talking about. Let's say a capitalist owns a folding machine with which one worker can fold one hundred sheets in one hour. The machine costs $350. Now for $3500 one can buy a machine that folds ten thousand sheets in one hour. An investment of 1000% relative to the initial investment yields an increase in productivity of 10,000%. In terms of mass the increase is less than 1000%, say, from 50 lbs. to 750 lbs., 1500%. 4. Engels. Let's recall again that for Marx in both of the above citations, if the price of the raw materials were to remain the same before and after the investment in the new technique, the portion of the total product that represents the depreciation of machinery, buildings, etc. decreases. What does Engels say? "...It is most characteristic of rising labour productivity that the fixed part of constant capital is strongly augmented, and with it that portion of its value which is transferred by wear and tear to the commodities." This is, put simply, the opposite of the position Marx takes. I see no reason to condemn Engels as person for this, but I also see no reason to twist things so that there is no difference between Marx and Engels on this issue. To be sure, this may mean that we need to look more carefully at what Engels does in CAPITAL in the name of Marx. But, from all I have heard, I would praise anyone who was able to finish editing the last two books of CAPITAL given the state they were left in by Marx. ___________________________________ -- John R. Ernst --- from list marxism-AT-lists.village.virginia.edu --- ------------------
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